India's economy performed well, registering a growth rate of 7.8 percent in the first quarter. According to the latest figures released by the Central Statistics Department, the manufacturing and construction sectors grew better than expected.
Increased domestic consumption and government capital expenditure further supported economic growth. Economists are happy that India's growth rate has continued to be stable despite adverse conditions around the world.
India's GDP surged in the first quarter: 7.8 percent growth rate!
India's gross domestic product (GDP) recorded strong economic growth at 7.8 percent in the first quarter of the current financial year.
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- Boom in service and manufacturing sectors: Demand in the service sector and infrastructure sector has been the main reason for the run in growth rate.
- Fastest in the world: India continues to be the fastest growing country compared to leading international economies.
